Twitter has agreed to be acquired by Elon Musk in a deal that values the company at $44 billion.
in a deal that values the company at $44 billion, the board announced Monday afternoon.
"Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated," he said in a statement. The official acquisition caps off a drama worth of a soap opera between the famously mercurial Musk and one of the world's most prominent social networks.
"It all came down to no other bidders or white knights emerging in the M&A process," Daniel Ives, a Wedbush analyst who follows Twitter, said in a note. Board members'"back was against the wall once Musk detailed his $46 billion in financing last week to get pen to paper on this deal," Ives said.
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